Q3 2024 EPS Estimates for Alpha Metallurgical Resources, Inc. Decreased by B. Riley (NYSE:AMR)

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Stock analysts at B. Riley lowered their Q3 2024 earnings per share (EPS) estimates for shares of Alpha Metallurgical Resources in a research note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $2.01 for the quarter, down from their previous estimate of $3.18. B. Riley currently has a “Buy” rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $20.67 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $1.94 EPS, FY2024 earnings at $18.04 EPS and FY2025 earnings at $33.81 EPS.

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $220.71 on Monday. The company has a market capitalization of $2.87 billion, a PE ratio of 5.35 and a beta of 1.30. The stock has a fifty day moving average of $225.40 and a 200-day moving average of $278.27. Alpha Metallurgical Resources has a one year low of $185.00 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The business had revenue of $804.00 million for the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $12.16 EPS.

Institutional Trading of Alpha Metallurgical Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock valued at $405,617,000 after purchasing an additional 11,217 shares during the period. Pacer Advisors Inc. increased its stake in Alpha Metallurgical Resources by 22.2% in the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after buying an additional 111,504 shares during the period. Gendell Jeffrey L increased its stake in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock valued at $115,951,000 after buying an additional 62,725 shares during the period. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock valued at $29,817,000 after buying an additional 6,646 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.